The committee was called to order. A quorum was present. Representative Garnett, prime sponsor, presented Senate Bill 19-109, concerning adjustments to limitations on damages to reflect the effects of inflation. The following persons testified regarding the bill:
Mr. Christopher Reeves, representing the Colorado Civil Justice League, testified in opposition to the bill. Mr. Reeves discussed cost impacts on small businesses.
Mr. Patrick Boyle, representing the Association of Property and Casualty Insurers, testified in opposition to the bill. Mr. Boyle discussed insurance premium increases in Colorado, and the potential impact of the bill on these costs. Discussion ensued regarding prejudgment interest.